Women on boards: improving boardroom diversity to deliver better performance
Research on boardroom diversity shows a significant relationship between the presence of women on boards and stronger financial performance. The Credit Suisse Research Institute, for example, found that share prices in organizations with at least one woman on the board outperformed those with men-only boards by 26% over a six-year period.
What can organisations do to break the stalemate on boardroom diversity and get more women on boards? Our research report on boardroom diversity shows that developing a high-performing culture could hold the key to creating the conditions for women to be more willing and able to rise to the top.
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Our research into boardroom diversity – which covers 50 leading organisations – establishes a clear relationship between organisations with strong financial performance, a higher percentage of women on the board and a high-performance culture. It’s not clear which element comes first in this virtuous circle but our analysis suggests that developing a high-performance culture can be a more effective means of encouraging gender diversity at a senior level than targeted diversity programmes which, so far, have largely failed.
Breaking the stalemate on boardroom diversity
Our report sets out four clear priorities for organizations that want to extend gender diversity in the executive leadership team, and reap the associated performance benefits. Our recommendations on breaking the stalemate on boardroom diversity focus on:
- aligning culture with employee, shareholder and leadership objectives, and measuring achievement with these objectives in mind
- building talent from within, with a clear career path for top talent to reach executive leadership teams
- challenging the language of merit which keeps women out of senior leadership positions
- engaging the best female talent by understanding what they want from their relationship with the organization over the long term.
Enter your details in the form to the right to download a free copy of our report.
To talk to one of our experts about improving boardroom diversity contact us now.